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Blockchain Services for Capital Markets

Top of mind

Blockchain’s powerful new form of data sharing and asset transfer has the potential to eliminate intermediaries, central third parties and expensive reconciliation processes in the investment banking industry. But what does that look like in dollars and cents?

Accenture recently teamed up with benchmarking firm McLagan to examine just how much eight of the world’s largest investment banks could save using blockchain. Find out which processes stand to benefit most and where the technology is likely to have the biggest impact.

Overview

Blockchain technology has recently gained rapid traction in the capital markets industry as one of the most exciting technological developments in recent history. An estimated $75 million was invested in blockchain efforts specific to capital markets in 2015, up from $30 million in 2014. Accenture estimates that by 2020, $600 million of investments will be spent on blockchain and related technology initiatives.

Accenture's blockchain practice helps investment banks and other capital markets firms implement blockchain technology to improve operational efficiency, security and client service, as well as to capture new revenue opportunities.

Accenture has also formed an alliance with Digital Asset Holdings, a leading developer of blockchain technology, to collaborate on large-scale implementations of the technology at global financial institutions.

By forming this practice, Accenture can help the industry unlock scalable and transformative uses of this innovative technology—which is estimated to save the financial services industry more than $20 billion annually by 2021.

David Treat, Accenture’s Capital Markets Blockchain Global Lead, discusses blockchain in capital markets, including the likely next steps for adoption and why the time is right for looking at this new technology.

Why Accenture

Accenture’s blockchain practice brings together global resources from the company's consulting, strategy, digital, technology and operations services that help firms develop strategies to take advantage of distributed ledger and blockchain technology to help investment banks and other capital markets firms. We can help provide a full suite of consulting and technical support, in partnership with leading emerging players, to shorten time to market, improving efficiency and unlocking new revenue streams.

Through our open innovation approach, we actively search for Fintech solution providers in the space to provide built-for-purpose solutions to meaningful business challenges, instead of retrofitting solutions for business cases. In our Accenture Technology Labs, we work with a number of blockchain technology companies, including MultiChain, Eris, Ripple, IBM and Digital Asset Holdings (DAH), to develop innovative solutions for leveraging distributed ledgers in capital markets. Accenture is also a partner of the Fintech InnovationLab in New York, London and Hong Kong, and is collaborating with a range of innovators whose knowledge and expertise we can tap during the course of our projects. We are constantly developing new prototypes, use cases and solution components that are available for client use.

Accenture can offer clients a full spectrum of support in this area, leveraging our capital markets technology experience in the settlement and clearing of various financial asset classes, the use case-applied distributed ledger and blockchain technology innovation driven out of our Technology Labs, and our network of alliances and Fintech providers.

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